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Because the EU killed a previous offer for TNT from UPS, some have been skeptical that the FedEx merger will succeed — though experts maintain that this deal could be more welcome in a market already dominated by UPS and DHL. (Credit: AP)

EU Launches Probe Of Proposed $5B FedEx, TNT Merger

Europe’s antitrust watchdog said Friday that it is examining whether FedEx Corp.’s proposed €4.4 billion ($4.8 billion) acquisition of Dutch delivery service TNT Express NV would harm competition in the region’s small-package delivery market.

  • Simpson Thacher, JPMorgan Sued Over $1.5 Billion GM Loan

    JPMorgan Chase Bank NA and Simpson Thacher & Bartlett LLP were slapped with a pair of suits Thursday by putative classes of more than 400 lenders in New York federal court, claiming they negligently authorized the termination of security interest in a $1.5 billion bankruptcy loan to General Motors LLC.

  • High Court Expected To Hear Insider Trading Appeal

    The U.S. Supreme Court likely will grant the government’s request to review the landmark Newman decision on insider trading after being pressed with arguments that the Second Circuit went against high court precedent and created a circuit split over the role “benefits” play in determining what counts as illegal tipping, experts say.

  • No New Trial For Drug Buyers In Nexium Pay-For-Delay Suit

    A Massachusetts federal judge refused Thursday to let Nexium buyers get a second crack at their pay-for-delay suit against AstraZeneca PLC and Ranbaxy Inc., saying the plaintiffs' claim for how new evidence would let them prove their case at trial was "at least a couple of bridges too far."

  • Broadband Cos. Tell Court Neutrality Is FCC 'Power Grab'

    Challengers to the Federal Communications Commission’s tough new net neutrality rules fired their opening salvo Thursday at the D.C. Circuit, calling the agency's rules “a sweeping bureaucratic power grab.”

  • NuVasive Inks $14M FCA Deal Over Kickbacks, Off-Label Uses

    Medical device maker NuVasive Inc. will pay $13.5 million to resolve whistleblower allegations that it violated the False Claims Act by promoting off-label uses of spinal fusion products for Medicare patients and dispensing kickbacks through a supposedly independent medical society, the U.S. Department of Justice said Thursday.

  • No Expert Fees Under FLSA, 2nd Circ. Rules

    Winning plaintiffs can’t be reimbursed for expert fees under the Fair Labor Standards Act, the Second Circuit ruled Wednesday, siding with a New York contracting business in a long-running wage-and-hour dispute.


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